ZIMRE Holdings Limited (Zimre) says claims and expenses increased by 56 percent during the nine months ended September 30, 2022, due to higher claims experienced from agriculture and cyclone-related claims and high operating costs recorded by local entities due to inflationary pressures. The quarter under review was characterised by currency stability and saw the easing…
AGRICULTURE financing will be among the key issues that will come out of the Zimbabwe Agriculture Sector Survey, which will be released to the public next Wednesday by the leading…
AGRICULTURE permanent secretary John Basera says the sector should foster linkages between research, farmers, and extension services as livestock producers adopt climate-resilient technologies. Basera told a pasture production and processing demonstration field day in Mvurwi last week that the government had crafted a number of strategies as solutions to major challenges affecting livestock associated with…
ANALYSTS say the Reserve Bank of Zimbabwe (RBZ)’s Mosi-oa-Tunya gold coins concept has been proven, but the bullion pieces’ impact on the monetary policy is still limited due to the small number issued so far. The central bank introduced half-ounce, quarter-ounce, and tenth-ounce coins this week, in addition to the one-ounce coins that have been…
GOLD producer Caledonia Mining Corporation (Caledonia) says it expects to fulfil the conditions of its acquisition of Bilboes Gold, the owner of the Bilboes gold project in Zimbabwe, paving way for the commercialisation of the venture. This was revealed in the company’s outlook as it announced operating and financial results for the quarter and the…
THE government has advised that Zimbabwe’s current grain and cereal stocks at the Grain Marketing Board (GMB) will last 11,5 months and 7,3 months respectively. The stocks will go a long way in ensuring food security in Zimbabwe, as the country strives for food self-sufficiency after failing to produce enough, hence the reliance on imports…
CBZ Bank says it will continue introducing financially-inclusive initiatives that improve farmers’ access to funding to enhance growth, incomes, employment opportunities and reduce poverty across the economy. The bank which, every year in partnership with The Financial Gazette, the Zimbabwe Agricultural Society and Africa Economic Development Strategies, publishes the Zimbabwe Agriculture Sector Survey said a…
THE Securities and Exchange Commission of Zimbabwe (SecZim) chief executive officer, Anymore Taruvinga, says at least 19 different players have been registered to trade on the capital markets in the first nine months of this year amid surging interest from prospective participants. In an interview on the sidelines of the CBZ Bank Trustee Services launch…
OUTGOING People’s Own Savings Bank (POSB) chief executive Admore Kandlela, wound up his long career with the mass market lender in fine form last week, with shareholders and colleagues crediting him for stabilising and growing the banking institution during his tenure. Kandlela joined POSB in October 2003 as chief executive officer with a brief to…
AGRICULTURE minister Anxious Masuka says the marginal increase reported in livestock numbers last year bodes well for future growth prospects in the wake of recent serious disease outbreaks. This comes as the government says the country is making progress in the fight against livestock diseases such as Theileriosis, which is more commonly referred to as…
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